PT Tower Bersama Infrastructure Tbk Announces Its First Half 2012 Financial Performance
JAKARTA, 31 July 2012 - PT Tower Bersama Infrastructure Tbk ("TBIG") today released its interim financial statements for the six months period ended 30 June 2012.
Financial Highlights and Operational Indicators
TBIG generated revenue and EBITDA amounting to Rp647 billion and Rp516 billion, respectively, for the six months ended 30 June 2012 (“first half 2012”). This represents a 47% increase in revenue and a 50% increase in EBITDA versus the comparable six month period of 2011. Using the 2nd quarter 2012 results on an annualized basis, total revenue reached Rp1,351 billion, or 39% higher than the 2011 full year revenue. Annualized EBITDA based on the 2nd quarter 2012 results reached Rp1,082 billion, or 42% higher than 2011 full year EBITDA.
Net debt as of 30 June 2012 was Rp3,594 billion and using the 2nd quarter 2012 annualized EBITDA, the net debt to EBITDA ratio was 3.3x. This net debt to EBITDA ratio is well below the relevant covenant under the Company’s debt programme of 4.5x.
As of 30 June 2012, TBIG had 8,584 tenants and 5,416 telecommunication sites. The Company’s telecommunication sites comprised 3,959 telecommunication towers, 1,040 shelter-only sites, and 417 DAS networks. With total tenants amounting to 7,127 on tower sites, the Company’s tenancy ratio improved to 1.80.
“We are pleased to announce record organic growth for the Company in the 2nd quarter of 2012, adding 904 tenants, all through organic growth. Most of these new tenants have come from collocations on existing towers, which has resulted in an increase in our tenancy ratio from 1.71 in 1st quarter 2012 to 1.80 in this quarter. As we continue to demonstrate robust growth in our tenancies and revenue, we have also improved our EBITDA margin from 79.2% in 1st quarter 2012 to 80.1% in this quarter. The acquisition of 2,500 towers from Indosat, which will close in early Q3 2012, will further enhance our financial performance”, explained Hardi Wijaya Liong, CEO of TBIG.
About PT Tower Bersama Infrastructure Tbk:
PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. As of 30 June 2012, TBIG owns and operates 5,416 telecommunication sites serving 8,584 tenants. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.
For more information contact:
Corporate Secretary:
Helmy Yusman Santoso – Tower Bersama Group
Phone: (62-21) 571 1946
Email: corporate.secretary@tower-bersama.com
Investor Relations:
Email: investor.relations@tower-bersama.com
